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it. we have five minutes. we can negotiate a deal right here. do you favor the plan, senator obama? senator mccain, are you in favor of this plan? >> we have not seen the language yet. i think there is constructive work being done out there for the viewers who are watching. i am optimistic. the question i think we need to ask ourselves is how did we get into this situation in the first place? two years ago, i warned that because of the relaxed regulation, we would potentially have a problem in trying to stop the abuses and mortgages that were taking place at the time. last year, i wrote to the secretary of treasury to make sure he understood the magnitude of this problem and to call on him to bring all the stakeholders together to try to deal with it. the question i think we have to ask ourselves is yes we have to solve this problem short term. we will have to intervene. there is no doubt about it. but we will also have to look at how is it that we have shredded so many regulations, we did not set up a 21st century regulatory framework to deal with these problems, and that is in pa
Search Results 0 to 0 of about 1